Erasca, Inc. (ERAS)
NASDAQ: ERAS · IEX Real-Time Price · USD
1.970
+0.120 (6.49%)
At close: May 17, 2024, 4:00 PM
1.980
+0.010 (0.51%)
After-hours: May 17, 2024, 7:58 PM EDT
Erasca Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Erasca stock have an average target of 7.83, with a low estimate of 6.00 and a high estimate of 11. The average target predicts an increase of 297.46% from the current stock price of 1.97.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Erasca stock from 6 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 0 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 6 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $8 | Strong Buy | Reiterates | $8 | +306.09% | May 9, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $6 → $7 | Strong Buy | Maintains | $6 → $7 | +255.33% | Apr 2, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $8 | Strong Buy | Reiterates | $8 | +306.09% | Mar 28, 2024 |
| Capital One | Capital One | Buy Initiates $8 | Buy | Initiates | $8 | +306.09% | Mar 11, 2024 |
| B of A Securities | B of A Securities | Strong Buy → Hold Downgrades $11 → $6 | Strong Buy → Hold | Downgrades | $11 → $6 | +204.57% | Jan 5, 2024 |
Financial Forecast
Revenue This Year
n/a
Revenue Next Year
972.40K
EPS This Year
-0.93
from -0.83
EPS Next Year
-1.01
from -0.93
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | n/a | 6.0M | 19.0M | 37.8M | 148.2M |
| Avg | n/a | 972,397 | 4.6M | 22.2M | 112.8M |
| Low | n/a | n/a | n/a | 13.7M | 77.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | 1,855.6% | 718.5% | 568.7% |
| Avg | - | - | 374.9% | 379.9% | 409.0% |
| Low | - | - | - | 197.1% | 247.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.82 | -0.83 | -0.80 | -0.84 | -0.57 |
| Avg | -0.93 | -1.01 | -0.99 | -0.83 | -0.68 |
| Low | -1.13 | -1.40 | -1.29 | -0.81 | -0.78 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | - | - | - |
| Avg | - | - | - | - | - |
| Low | - | - | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.